5 ms·
And a sizable tax deduction.
by colechristensen 6mo ago
And a sizable tax deduction.
- yreg 6mo agoWho profits from that deduction and how?
- deleted 6mo ago[deleted]
- mikepurvis 6mo agoOne assumes Anthropic given it's them doing the donating, but you also have to be actually making a profit to be paying tax.
- trollbridge 6mo agoThere are ways one can engage in financial engineering (is "accounting engineering" a term yet?) where despite not making a profit, you segregate a tax break, tax credit, charitable deduction, etc. into some other entity and then can sell that off as an asset that some other business that is making a profit buys and writes off against its own profits.
- nozzlegear 6mo agoAnthropic profits from the PR, for one. And they likely hook these institutions on their products in the long term, for two – much like I was "stuck" on Azure until recently, thanks to their free startup credits pointing me to it a decade ago.
- chadash 6mo agoIANAA, but pretty sure you can only deduct a donation against business profit. Are you suggesting that Anthropic is running at a profit?
- goodthink 6mo agoNet Operating Losses (NOLs) in one year can offset taxes owed in future years. It works for personal taxes too if it's a "casualty" loss.
- datadrivenangel 6mo agoyou can often carry over the losses for multiple years sometimes.